(Reuters) - India's No. 2 IT Services company Infosys Ltd said Vishal Sikka had resigned as managing director and chief executive of the company with immediate effect, sending shares tumbling more than 7 percent in early trading on Friday.

MELBOURNE (Reuters) - Chevron Corp has withdrawn an appeal to Australia's High Court over a disputed A$340 million ($268 million) tax bill, leaving in place a landmark court ruling on related-party loans that could affect other multinational companies.

SINGAPORE (Reuters) - Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to deliver his economic agenda.

Last weekend’s deadly violence at a white supremacist rally in Charlottesville, Va., and President Donald Trump’s disturbing response to it were the subjects of a trio of jarring national magazine covers unveiled Thursday.

(Reuters) - Wisconsin's Republican-controlled state Assembly voted 59-30 on Thursday to approve a bill that paves the way for a $3 billion incentives package for a proposed liquid-crystal display plant by Taiwan's Foxconn.

(Reuters) - The Wisconsin State Assembly on Thursday opened debate on a $3 billion incentive package for a proposed liquid-crystal display plant by Taiwan's Foxconn, a deal that caused a stir when it was announced by President Donald Trump last month.

NEW YORK (Reuters) - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.

(Reuters) - Applied Materials Inc , the world's largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor and display businesses.

(Reuters) - U.S stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration's ability to push through its economic agenda rattled investors.

WASHINGTON (Reuters) - Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher U.S. automotive content in a modernized North American Free Trade Agreement.

WASHINGTON (Reuters) - Top U.S. defense contractor Lockheed Martin was named on Thursday as one of six companies that will share a $499 million contract for research into aerospace systems aimed at developing new technologies and capabilities, the Pentagon said.

President Donald Trump on Thursday said it was “sad” to see Confederate statues being taken down in the U.S., attacked two Republican senators on Twitter and was scheduled to meet with the head of the Small Business Administration at his golf club in Bedminster, N.J.

Climate change is almost unanimously considered one of the gravest threats facing humanity, with the worst-case scenarios representing massive environmental destruction. Investors hoping to combat it with their portfolio allocations can, but one famous environmentally-focused company may actually be doing more harm than good.

(Reuters) - Three U.S. pension funds sued six of the world's largest banks on Thursday, including Goldman Sachs Group Inc and JP Morgan Chase & Co , accusing them of conspiring to stifle competition in the more than $1 trillion stock lending market.

U.S. stock benchmarks on Thursday finish down at least 1% as heightened concerns about President Donald Trump’s legislative agenda and news of a terrorist attack in Barcelona combine to foster selling on Wall Street.

(Reuters) - Alphabet Inc's Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday.

FRANKFURT (Reuters) - Airline entrepreneur Hans Rudolf Woehrl is interested in insolvent Air Berlin , a spokeswoman for his company INTRO-Verwaltungs GmbH told Reuters, responding to a media report saying he was planning a bid.

NEW YORK (Reuters) - U.S. stocks sold off on Thursday, pushing the S&P 500 to its lowest in a month, as escalating worries about the Trump administration's ability to push through its agenda rattled investors.

The government review of AT&T Inc.’s $85 billion takeover of Time Warner Inc. has reached an advanced stage, a sign that Donald Trump’s campaign-trail complaints about media concentration and his disdain for CNN haven’t gummed up the vetting process.

(Reuters) - U.S stocks sold off on Thursday, with the S&P 500 hitting its lowest level in a month, as escalating worries about the Trump administration's ability to push through its agenda rattled investors.

Oil prices log a gain after posting losses over the past three sessions, as traders continue to weigh data showing the biggest weekly fall in U.S. crude supplies in 11 months, but also the highest total domestic production level in more than two years.

A van has run over pedestrians in a popular tourist walkway in Barcelona on Thursday afternoon, local time, with reports of deaths and injuries. Police are reportedly treating the incident as a terror attack.

U.S. stock losses accelerate on Thursday as news of a terrorist attack in Barcelona undercuts a market already weakened by rumors that White House economic adviser Gary Cohn was resigning and battered tech shares following disappointing results from Cisco Systems Inc.

BOSTON (Reuters) - Mylan NV has finalized a $465 million settlement with the U.S. Justice Department, resolving claims it overcharged the government for its EpiPen emergency allergy treatment, which became the center of a firestorm over price increases.

Netflix has had success producing original content, now it’s tearing a page out of Disney’s book, by signing some of the industry’s best writers, producers and creative talent to deals to create work solely for the platform.

Cisco Systems Inc. added even more cash to its massive cash pile that is outside the U.S. in its most recent quarter, and despite the current falling out between corporate America and President Trump, the company is still optimistic that a repatriation holiday may occur, possibly next year.

NEW YORK (Reuters) - Uber Technologies Inc [UBER.UL] on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger's price-fixing case against the ride-service company into arbitration.

Treasury yields fell, pushing bond prices higher, on Thursday after a weaker-than-expected reading for industrial production highlighted that the U.S. remains stuck in a slow-and-steady growth track, drawing modest demand for government paper.

NEW YORK (Reuters) - Uber Technologies Inc [UBER.UL] on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger's price-fixing case into arbitration.

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio.

European stocks break a three-day win streak on Thursday, with bank shares dragged down by doubts about another U.S. interest rate hike in 2017, while the euro came under further pressure following minutes from the European Central Bank’s meeting last month.

NEW YORK (Reuters) - In a blow to people suing General Motors Co over faulty ignition switches and other alleged vehicle defects, a trust that holds many GM liabilities from before its 2009 bankruptcy has canceled a settlement that sought to force the automaker to pay $1 billion in shares to resolve millions of claims.

Oil prices edge higher, attempting to recoup some of the losses they suffered a day earlier, as traders continue to weigh data showing the biggest weekly fall in U.S. crude supplies in 11 months, but also the highest total domestic production level in more than two years.

Former President Barack Obama has made history again, it appears. This time his mark has been made in the Twitter universe, on the back of a message and photo that he posted Sunday in response to the weekend’s violent and racially charged protests in Charlottesville, Va.

NEW YORK (Reuters) - U.S. stocks pared losses in choppy, late-morning trading Thursday as rumors circulating that Gary Cohn is resigning as director of the National Economic Council were called "100 (percent) false" by an Axios reporter on Twitter.

Gold prices continue higher Thursday, boosted by haven demand after President Donald Trump disbanded two business councils and minutes from the Federal Reserve pointed to concerns over sluggish inflation.

FRANKFURT (Reuters) - German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday.

President Donald Trump accuses Sen. Lindsey Graham of a “disgusting lie” over his Charlottesville comments; lobbyists see a hard road for tax reform; what Steve Bannon said about war with China; and more.

Even as humanity faced the specter of a nuclear war and violence broke out on the streets of Charlottesville, Va., stocks took the alarming news in stride, continuing to scale the “wall of worry” in defiance of doomsday predictions of an imminent selloff.

Most Treasury yields rise on Thursday after a spate of data showed the U.S. labor market remained in the pink and the economy was growing at a steady clip, even as growth for industrial production came in lower-than-expected.

(Reuters) - U.S. stocks opened lower on Wednesday after minutes from the Federal Reserve's July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump's ability to pursue his pro-growth policies.

NEW YORK (Reuters) - A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc [UBER.UL] in a lawsuit over whether passengers gave up their right to sue the company when they registered for its taxi-hailing service,

(Reuters) - U.S. stocks opened lower on Thursday after minutes from the Federal Reserve's July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump's ability to pursue his pro-growth policies.

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio.

(Reuters) - Wall Street was set to open lower on Thursday as minutes from the Federal Reserve's July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump's ability to pursue his pro-growth policies.

LONDON (Reuters) - Global stocks fell on Thursday as investors trimmed their exposure to riskier assets after central bank minutes revealed a wary take on the economic outlook from ratesetters on both sides of the Atlantic.

The number of Americans who sought unemployment benefits in mid-August fell to the lowest level in six months, mirroring the strongest U.S. labor market in almost two decades. Initial jobless claims in the period running from Aug. 6 to Aug. 12 declined by 12,000 to 232,000.

NEW DELHI (Reuters) - India's Defence Acquisition Council on Thursday cleared the purchase of six more Boeing Co Apache helicopters in a deal worth 42 billion rupees ($654.6 million), a defense ministry official said.

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio.

CHICAGO (Reuters) - Wal-Mart Stores Inc on Thursday reported its 12th straight quarterly increase in comparable sales, but margins fell as the retailer continued to cut prices and invest in its e-commerce operations.

(Reuters) - U.S. stock index futures were lower on Thursday, a day after the release of minutes from the Federal Reserve's meeting showed policymakers appeared wary about weak inflation, muddying the path of future interest rate hikes.

(Reuters) - The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan's Foxconn, the first vote on the deal by a chamber of the state's Republican-controlled legislature.

“I’VE never known it to be an embarrassment for a business leader to be associated with an American president,” declares Max Bazerman of Harvard Business School. Donald Trump, in particular, has positioned himself as a businessman-president, whose corporate acumen would unleash a new era for American business. Investors seemed to believe him—his election prompted a giddy “Trump bump” in the stockmarket—and corporate bosses flocked to his side. This week they fled. For many, it seems as much a clear-eyed business calculation as a moral awakening. Some distanced themselves more quickly than others. The trigger was Mr Trump’s reluctance to condemn neo-Nazis and white supremacists who staged violent protests in Virginia on August 12th. Kenneth Frazier (pictured), chief executive of Merck, a big pharmaceutical firm, was the first to leave Mr Trump’s advisory council on manufacturing. On August 14th Mr Trump denounced...

European stocks fell Thursday, with bank shares dragged down by doubts about another U.S. interest rate hike in 2017, while investors waited for more details about the policy discussion officials at the European Central Bank had last month.

LONDON (Reuters) - European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world's largest economy.

SINGAPORE (Reuters) - Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve's concerns about weak U.S. inflation weighed on the dollar.

Sections

Newsletter

Follow us

The selection and placement of stories on this page were determined automatically by a computer program.The time or date displayed (including in the Timeline of Articles feature) reflects when an article was added to or updated in themarketdigest.org